31-01-2017

Russian wheat exports up 4.5% on year at 17.215 mil mt: ministry

Wheat

Russian wheat exports in the 2016-17 marketing year from July 1 to January 25 were up 4.5% year on year at 17.215 million mt, Ministry of Agriculture data showed Monday.

Wheat exports from Russia have been slower than expected in the 2016-17 marketing year as farmers have been slow to let go of stocks onto the domestic market due to low prices. However, this year’s projected exports are 3.46 million mt higher than last year’s.

Russian exporters have now also shipped 2.774 million mt of corn in the current marketing year, 41% higher year on year. Barley exports are at 1.953 million mt, down 41.1% year on year.

Source: Platts 

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